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$255,000

NAL Estimated Property Value

TBD US HIGHWAY 84, Coleman, TX, 76834

Off MarketInfo

About this property

Prime investment opportunity! 66 acres of undeveloped land sits within city limits of Coleman, Texas on three major state highways in Central Texas! Coleman is uniquely located within 3 hours of most metro hubs, i.e. DFW, Austin, San Antonio, Midland, Odessa, Lubbock. Property consists of cultivation in the flat front area and pasture with 2 stock ponds located on the south hillside. About 3000 feet of highway frontage. Property's west side located off of Guadalupe St. Zoning for this property has been changed to commercial zoning, easily could be changed to residential if buyer would like to develop into a subdivision. Plans already in place for RV Resort. Utilities available for installation include City Water, City Sewer, City Electricity or Co-Op Electricity providers! So many endless possibilities for this property! Coleman is rapidly becoming a destination city in Texas with fantastic shopping, restaurants and recreational opportunities! Be part of this exciting growth!

Investor Tools

Property Icon
$255,000
Estimated Property Value
$0Estimated Mortgage Balance
$255,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Coleman

TBD US HIGHWAY 84 | Property Details | No Agent List